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Apple (AAPL) : Tim Cook announces iForum. Dodds and Bryant prepare shut down operations (1 Viewer)

Got out ~ $115, but after watching it fall to 105-106 and reading reports from analytics companies about an incredible # of iPhone sales, I'm back in at 110 playing tomorrow's earnings.

I assume tomorrows guidance will also include revenues from iWatch projections, will may provide a boost.

 
Got out ~ $115, but after watching it fall to 105-106 and reading reports from analytics companies about an incredible # of iPhone sales, I'm back in at 110 playing tomorrow's earnings.

I assume tomorrows guidance will also include revenues from iWatch projections, will may provide a boost.
Me too. Couldn't not have some after selling a bit ago. This all sounds good but in the past the stock has reacted oddly on earnings IIRC so we'll see.

 
Some highlights:

  • Net Income 18 billion
  • Revenue: $74.6 billion versus $67.5 billion expected .
  • Earnings Per Share: $3.06 versus $2.60 expected.
  • iPhone units: 74.4 million versus 65 million expected .
  • iPhone average selling price (ASP): $687 versus $668 expected .
  • iPad units: 21.4 million versus 22 million expected .
  • iPad ASP: $419 versus $436 expected
  • Mac units: 5.52 million versus 5.5 million units expected .
  • Gross Margin: 39.9% versus 38.5% expected .
  • March quarter revenue guidance: $52-$55 billion versus $53.70 billion expected .
 
AAPL cash hoard now at $179B.

More revenue for Apple in last quarter than Google had the entire year.

74.5M iPhones sold in the quarter.

 
Some highlights:

  • Net Income 18 billion
  • Revenue: $74.6 billion versus $67.5 billion expected .
  • Earnings Per Share: $3.06 versus $2.60 expected.
  • iPhone units: 74.4 million versus 65 million expected .
  • iPhone average selling price (ASP): $687 versus $668 expected .
  • iPad units: 21.4 million versus 22 million expected .
  • iPad ASP: $419 versus $436 expected
  • Mac units: 5.52 million versus 5.5 million units expected .
  • Gross Margin: 39.9% versus 38.5% expected .
  • March quarter revenue guidance: $52-$55 billion versus $53.70 billion expected .
Good god, that's some destruction right there

 
Some highlights:

  • Net Income 18 billion
  • Revenue: $74.6 billion versus $67.5 billion expected .
For comparison sake...

From July 2011:

The $28.6 billion in revenue was significantly higher than Wall Street's average projection of $25 billion, and beat the company's conservative estimate three months ago of just $23 billion by 24%.
So...yeah... 300% increase in quarterly revenue over last 14 quarters.... :lol:

Ridiculous. Apple still has a horde big enough to buy Ford, GM, Chrysler and FedEx...with cash. :lol:

 
Now #1 in China in smart phones. Went from 7th to 1st in a year. They're going to make a lot of money there.

 
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wow...i remember telling my wife if she invested all 5K i gave her for her retirement accounts at 250 per share (pre split) that she could not diversify. She put all the money into apple anyway. Yes i am definately eating crow evertime i see her 300%+ gain vs my slow and steady approach with the vast majority of our money. :wall:

 
Any guidance on apple watch sales?
They seem to be behind on this...with all those fitness devices out it's a pretty saturated market right now. Of course, that won't matter to Apple loyalists, but I haven't heard anyone in any of these fitness pages say they are holding out for an iWatch.

 
wow...i remember telling my wife if she invested all 5K i gave her for her retirement accounts at 250 per share (pre split) that she could not diversify. She put all the money into apple anyway. Yes i am definately eating crow evertime i see her 300%+ gain vs my slow and steady approach with the vast majority of our money. :wall:
My grandfather had $25,000 of money he liked to keep out of his retirement to play around with stocks. In 2001 I was a freshman at college. He asked me if I had any hunches. I told him everyone wanted Apple laptops. IPods. Apple was really coming out with beautiful and better stuff than PCs. I said maybe they've got a future. 14 ####### years ago. Nope, I think he bought some NY regional bank stock that was 'ripe for acquisition!'FML.

 
July 2001 = ~3.00 per share

= 8330 shares (give or take with commissions and stuff)

February 2005 = stock split 2:1

= 16660 shares

June 2014 = stock split 7:1

= 116620 shares x $115 = $13,411,300 million

That is if he invested all $25,000 at that time... give or take.

 
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July 2001 = ~23.00 per share

= 1050 shares (give or take with commissions and stuff)

February 2005 = stock split 2:1

= 2100 shares

June 2014 = stock split 7:1

= 14700 shares x $115 = $1.7 million

That is if he invested all $25,000 at that time... give or take.
Next time use more lube.

 
July 2001 = ~23.00 per share

= 1050 shares (give or take with commissions and stuff)

February 2005 = stock split 2:1

= 2100 shares

June 2014 = stock split 7:1

= 14700 shares x $115 = $1.7 million

That is if he invested all $25,000 at that time... give or take.
Yeah I stopped doing these calculations a few years back.
 
July 2001 = ~23.00 per share

= 1050 shares (give or take with commissions and stuff)

February 2005 = stock split 2:1

= 2100 shares

June 2014 = stock split 7:1

= 14700 shares x $115 = $1.7 million

That is if he invested all $25,000 at that time... give or take.
Yeah I stopped doing these calculations a few years back.
Sorry, I had an error in the stock price. I updated the numbers however I don't think you want to look at those.

 
Any guidance on apple watch sales?
They seem to be behind on this...with all those fitness devices out it's a pretty saturated market right now. Of course, that won't matter to Apple loyalists, but I haven't heard anyone in any of these fitness pages say they are holding out for an iWatch.
seems more of a fashion piece than a fitness device.
Probably. The pics I have seen remind me exactly of these other fitness devices that are out on the market right now. I've been thinking of getting one for fitness purposes, but can't stand the thought of wearing any of them. They are all pretty ugly.

 
Apple Pay is the next big thing, sorry Samsung.
I've had Google Wallet on my Android devices for a couple years now. Haven't ever used it in a store. 1) Because most stores don't have the right devices to use it and 2) Is it really any faster/easier than pulling my CC out of my wallet?

I know a bunch of people with iPhone 6's and none of them use Apple Pay. I just don't see people using it that often. Mainly because people are already afraid to store CC and bank info online, they're not going to want to store it in another place.

 
Apple Pay is the next big thing, sorry Samsung.
I've had Google Wallet on my Android devices for a couple years now. Haven't ever used it in a store. 1) Because most stores don't have the right devices to use it and 2) Is it really any faster/easier than pulling my CC out of my wallet?

I know a bunch of people with iPhone 6's and none of them use Apple Pay. I just don't see people using it that often. Mainly because people are already afraid to store CC and bank info online, they're not going to want to store it in another place.
I use it all the time :shrug:

Phone is usually in my hand when checking out (have been waiting in line)... so it's as simple as holding phone to the station, and touching the TouchID sensor for 1-2 seconds. Done. WAY quicker than CC/Debit.

For those who aren't "power users" (aka phone junkies) I could see this being less of a benefit, however it's still easier for me to reach into my loose front pocket and pull out my phone than it is to reach around to back pocket, pull out wallet, open wallet, select credit card. And that's just for the "preparing to pay" portion.

Apple Pay Steps:

1) Hold phone up to station

2) Press and hold Touch ID Sensor for 1-2 seconds.

Done.

Credit Card Steps:

1) Swipe card

2) Select Debit or Credit

3) Entire PIN if debit

4) Sign your name

Done.

Google Pay is a bit closer to the hassle of Debit/CC given you have to key in a pin. The TouchID convenience definitely puts ApplePay over the top IMO. Small convenience that makes a big improvement.

SECURITY: This is not even to get into the added SECURITY of not actually giving your Credit card info to the stores. Given Target and Home Depot's incidents recently... I've taken to using ApplePay for everything I can, just to minimize exposure to fraud.

WALLET-FREE: Finally, there are times I just don't want to bring my wallet somewhere, but I'll have my phone. It's nice to have everything in one place (communications and payments. That's the true long-term benefit of this... not really needing a wallet anymore (short of ID).

When I use it, half the time the cashier is shocked at how quick/easy it makes the transaction. Quicker. Safer. Big fan.

 
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Apple Pay is the next big thing, sorry Samsung.
Have you seen the architecture behind Apple Pay? There's a reason banks were so resistant. Either way, not sure what any of that has to do with Samsung. This is an app not a device feature.
1) What's wrong with the architecture behind Apple Pay? I like the fact that I'm not giving actual payment/personal info to the merchants.

2) given the hardware integration of TouchID (vs PIN-centric Google Wallet) it most certainly is a hardware feature. Still disagree? Okay... Use ApplePay on an iPhone 5 and get back to me. :)

 
Apple Pay is the next big thing, sorry Samsung.
No way in hell I would ever use that.

I think it will take a long time for that to take off....if it ever does.
Once MCX abandons their proprietary CurrentC in favor of ApplePay & GoogleWallet the game will be over. I anticipate Mobile payments will comprise 25 of payments in America within the next 2 years. Starbucks alone was performing 7 Million Mobile transactions a week back in October. According to Schultz "While that figure has been growing almost 50 percent a year, the real growth is yet to come".

ApplePay also extends beyond B&M Retail. It's rapidly being integrated into tons of in-app payments as well. No more keying in CC info and address and whatnot. Just scan your thumb to utilize profile info.

Improving both convenience and security, mobile payments are the future.

 
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Apple Pay is the next big thing, sorry Samsung.
No way in hell I would ever use that.

I think it will take a long time for that to take off....if it ever does.
No...it'll take off. People won't take the time to learn how it works. This thing, as of 6 months ago, was about as secure as the early versions of pay pal. Of course they'll work to secure it, but who knows how long that will take to sufficiently satisfy the banks so a direct link can actually be made.

 
Apple Pay is the next big thing, sorry Samsung.
Have you seen the architecture behind Apple Pay? There's a reason banks were so resistant. Either way, not sure what any of that has to do with Samsung. This is an app not a device feature.
1) What's wrong with the architecture behind Apple Pay? I like the fact that I'm not giving actual payment/personal info to the merchants.

2) given the hardware integration of TouchID (vs PIN-centric Google Wallet) it most certainly is a hardware feature. Still disagree? Okay... Use ApplePay on an iPhone 5 and get back to me. :)
1. Several points of failure in the path between phone, credit card and bank. At each point a decryption has to occur and the connections aren't of the highest encryption levels. This is a result of the token the credit companies are creating for the communication.

2. I sorta misspoke. In the iPhone6 and going forward there is specific hardware for this technology in each phone (another point of failure, but ultimately a good thing IMO). However, in the iPhone5, this communication was to be done via bluetooth of all things. I don't know if they went through with that, but if they did, that's a significant problem given the abilities to "listen" on bluetooth networks.

ETA: And I won't get into where/how your financial data was stored at Apple initially. That has to have changed by now or they would certainly already be in the news ala Target, Home Depot etc. Rumor was they were taking Apple completely out of the picture when it came to financial data because of this issue. Not sure if that went through or not.

 
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Apple Pay is the next big thing, sorry Samsung.
Have you seen the architecture behind Apple Pay? There's a reason banks were so resistant. Either way, not sure what any of that has to do with Samsung. This is an app not a device feature.
"Were" is the key statement. My understanding is that they are all sold on the technology now, and the big CC companies are treating Apple Pay transactions as "card present" since the security is so good.

 
Won't the margins on Apple Pay be outstanding as consumers get on board? The infrastructure has been built, scaling it, maintaining it, and ensureing security is the bulk of the costs moving forward.

Seems almost like free money. I would think that if Apple Pay becomes THE standard, revenue and profits would skyrocket.

 
Won't the margins on Apple Pay be outstanding as consumers get on board? The infrastructure has been built, scaling it, maintaining it, and ensureing security is the bulk of the costs moving forward.

Seems almost like free money. I would think that if Apple Pay becomes THE standard, revenue and profits would skyrocket.
Retailers would be wise to avoid Apple Pay. If it gets popular then Apple with have leverage on the credit card companies and the companies will be forced to raise their rates to pay Apple.

Banks don't want it to succeed but see the value in linking their brand with Apple.

 
Apple Pay is competing with every other major bank and ffinancial institution here. It's one thing to tee off on the sclerotic competition like Microsoft and Sony but banks are in a different league. They'll find a way to protect their interests above all.

 
Banks won't have much choice if the public adopts apple pay and Google wallet en masse. Android and apple are "cool" but banks are not. They are unlikely to be able to launch a competitn solution largely because they wont work together.

People want something simple and transparent. There are hundreds of millions of iPhones in use... The number that are apple pay compatible will be massive soon. If people demand to pay for stuff by putting their finger on the sensor, banks won't have a choice.

 
Cook claiming 85% of last quarters iPhone sales were to people moving from another platform ... Very interesting if true.

 
There is a Walgreens and a CVS both within 1 mile of my house. I usually go to Walgreens simply because Apple Pay is so convenient.

 

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